Overview
Pine protocol is a two-sided decentralized non-custodial protocol that facilitates asset-backed loan transactions between lenders and borrowers. Lenders set up their own lending pools, choose NFT collections that they are willing to lend against and set their own terms for loan offers. These offers are then added to a one-sided offer book. Borrowers can choose from these offers and borrow digital currencies against them using their NFT assets as collateral.
Last modified 1mo ago